Minuteman Health receives N.H. insurance license

CEO of Minuteman Health, Thomas D. Policelli, right, a relatively new insurance company which wants to sell plans on the NH Exchange next year, speaks at the New Hampshire Hospital Association on Wednesday, March 19, 2014.
(ANDREA MORALES / Monitor staff)

New Hampshire will have a new option on the state health insurance market next year. The state Insurance Department announced yesterday it approved a license for Minuteman Health, a Massachusetts-based insurance cooperative, to sell coverage in the state for next year.

“We welcome Minuteman Health to New Hampshire,” Insurance Commissioner Roger Sevigny said in a statement. “We are pleased that Marketplace customers are on track to have more choices in 2015 than they do today. We believe that more competition will greatly benefit consumers in New Hampshire.”

Anthem Blue Cross Blue Shield of New Hampshire is the only insurance company selling insurance this year through the federally operated health insurance marketplace, created through the Affordable Care Act.

Companies selling plans on the marketplace next year must submit plan details – not including premium prices and physician and hospital networks – by May 1. Prices and network details are due by June 1, and the department sends recommendations to the federal agencies overseeing the marketplace by Aug. 7.

Open enrollment for 2015 will begin on the marketplace in November.

(Sarah Palermo can be reached at 369-3322 or spalermo@cmonitor.com or on Twitter @SPalermoNews.)

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